of Public Service Co. of New Mexico (NYSE: PNM) yesterday declared
regular quarterly dividends per share on the cumulative preferred stock issues as follows: $1.145 on the 4.58 percent series; $2.12 on the 8.48
percent series; $2.20 on the 8.80 percent series; and $2.1875 on the
8.75 percent series.

All preferred stock dividends are payable on July 15, 1992, to holders of record on July 1, 1992.
-0- 5/29/92
/CONTACT: Michael Temple, 505-848-2210; Ernie C'deBaca, 505-848-2806; or Pam Lett, 505-848-4673, all of Public Service Co. of New Mexico/
(PNM) CO: Public Service Co. of New Mexico ST: New Mexico IN: UTI SU: DIV

BB -- DV001 -- 5275 05/29/92 15:08 EDT

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